Chefs' Warehouse Inc (CHEF) is overvalued and HF Foods Group Inc (HFFG) is overvalued.
Both trade above our estimate of their intrinsic value. HFFG is the closer of the two: -51%, against -114% for CHEF.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.5% (average of 3 methods) values the shares at $50.69; the price of $108.36 is 114% above that value, and 73% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
Discounting its cash flows at 6.2% values the shares at $1.01; the price of $1.52 is 51% above that value.
Leak Score 0/100 on 2 of 12 signals
| Metric | CHEF | HFFG |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $108.36 | $1.52 |
| Intrinsic value | $50.69 | $1.01 |
| Margin of safety | -114% | -51% |
| Leak Score | 14/100 (3/12) | 0/100 (2/12) |
| Market cap | $4.4B | $82M |
| Revenue growth, 5 years | 30.1% | 16.7% |
| Operating margin | 4.1% | 0.6% |
| Net margin | 2.1% | -2.8% |
| Return on equity | 15.3% | -15.5% |
| Debt to equity | 1.46 | 1.16 |
| P/E | 51.5x | — |
| Forward P/E | 35.2x | 3.8x |
| P/B | 6.8x | 0.4x |